Avoid the Financial TRAPS Derailing Doctors' Wealth

Unlock the secrets to avoiding the financial traps that often derail healthcare doctors' wealth.

Dive into this candid discussion with Eric Miller and Eric Gersch as they reveal how you can take back CONTROL of your financial destiny. Discover strategies to maximize the value of your hard-earned income and build personal wealth without falling prey to common pitfalls. From overspending on luxury cars and oversized homes to overproviding for children and investing in timeshares, learn how to steer clear of these traps and achieve true financial freedom.

Become a Financial Beast and start expanding your business with expert guidance tailored for healthcare practice owners. Our advice, grounded in years of experience, empowers you to make informed decisions that align with your professional and personal goals.

Ready to transform your financial future?

Take action today and secure a prosperous tomorrow for yourself and your family.

CHAPTERS: 00:00 - Intro 01:45 - Financial Traps for Healthcare Owners 05:48 - Consumption Traps 09:42 - Second Homes 17:57 - Last Trap 18:15 - Timeshares 22:36 - Kid Trap 24:30 - Financial Future Sacrifice for Kids 25:40 - Overproviding for Your Kids 27:27 - Seek Help and Support _________________________________________________________________________________

If you would like a free consultation, please visit econologics.com or call us at 727-588-1540

Get Social With Us! LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancial YouTube: https://www.youtube.com/@FinancialBeast Twitter: https://twitter.com/FinancialBeasts Instagram: https://www.instagram.com/financialbeastmode/ Website: https://econologicsfinancialadvisors.com/

Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors.

Don't Let Poor Planning Destroy Your Practice Profits!

Unlock the secrets to financial freedom and protect your practice profits with expert advice on strategic planning!

In this eye-opening episode of the Financial Beasts podcast, Eric Miller and Eric Gersch delve into the essential strategies for effective financial planning. Learn how to take back CONTROL of your finances, maximize the value of every dollar, and build personal wealth that stands resilient against any recession. Discover insider tips on allocating funds to ensure your practice not only survives but thrives, setting the stage for growth and expansion.

This isn’t just about keeping your doors open – it’s about transforming into a Financial Beast and achieving true financial freedom. As a practice owner, you face unique challenges, but with guidance from Econologics Institute, LLC, and Econologics Financial Advisors, you're equipped with the tools to conquer them.

Don't let poor planning destroy your profits – take action now!

CHAPTERS: 00:00 - Intro 01:48 - Stock Market Trends 03:35 - Effective Financial Planning 09:52 - Allocating Money Wisely 12:09 - Occupancy Expenses Breakdown 14:41 - Divisional and Overhead Expenses 19:07 - Understanding Profit and Margin 19:25 - Wealth Storage Account Essentials 19:41 - Tax Account Considerations 23:02 - Business Expansion and Development Funds 25:40 - Innovative Business Practices 27:30 - Achieving a 20% Profit Margin 29:30 - Monitoring Your P&L Regularly 30:10 - Creating a Money Management System _________________________________________________________________________________

If you would like a free consultation, please visit econologics.com or call us at 727-588-1540

Get Social With Us! LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancial YouTube: https://www.youtube.com/@FinancialBeast Twitter: https://twitter.com/FinancialBeasts Instagram: https://www.instagram.com/financialbeastmode/ Website: https://econologicsfinancialadvisors.com/

Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors.

The Hidden Cost of Ignoring Advisor Fees!

Are you maximizing the value your financial advisor brings, or are fees eating away at your potential?

Unlock the secrets to financial freedom and take back CONTROL of your wealth with our latest discussion!

Join your BFFF, Best Financial Friend Forever, Eric Miller, and Eric Gersch in this empowering Financial Beast podcast episode as they unravel the complexities of compensation models for financial advisors and spotlight the fee-based approach that empowers practice owners to expand their business and personal wealth.

Discover how our unique financial training model at Econologics Institute, LLC, affiliated with Econologics Financial Advisors, offers a holistic approach—combining planning fees, asset management fees, and commissions—to help you build personal wealth. This is your chance to become a Financial Beast and transform confusion into clarity.

Don't let recession fears hold you back. Embrace the education and action that lead to true financial control!

#FinancialAdvisorCommissions #AdvisorFeeStructures #FinancialIndustryConfusion #WealthManagementCosts #FeeBasedAdvisor

CHAPTERS: 00:00 - Intro 01:49 - Compensation Models for Financial Advisors 03:55 - Commission-Based Advisor Payments 05:58 - Fee-Only Advisor Payment Structure 10:22 - Value of 1% Asset Management Fee 14:45 - Fee-Based Advisor Overview 21:22 - Our Business Model Explained 24:30 - Client Services and Benefits 25:17 - Financial Advisor Cost Breakdown 26:50 - Rate of Return with Financial Advisors 28:33 - Sources of Investment Returns 30:24 - Financial Advisor Impact on Net Worth 32:06 - Importance of Value Over Fees _________________________________________________________________________________

If you would like a free consultation, please visit econologics.com or call us at 727-588-1540

Get Social With Us! LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancial YouTube: https://www.youtube.com/@FinancialBeast Twitter: https://twitter.com/FinancialBeasts Instagram: https://www.instagram.com/financialbeastmode/ Website: https://econologicsfinancialadvisors.com/

Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors.

Don't Panic! How to Manage Market Downturns Like a Pro

Welcome back to the Financial Beast podcast!

In this episode, Eric Miller and Eric Gersch dive deep into the recent market meltdown and share expert advice on how to navigate these turbulent times like a pro. If you're a healthcare practice owner or an associate, this episode is a MUST-WATCH to take back CONTROL of your financial future and maximize the value of your investments.

They emphasize the importance of having a well-diversified portfolio and advise against making impulsive decisions based on short-term market movements. Keep your focus on long-term goals and avoid emotional reactions. Learn the benefits of dollar-cost averaging and automatic savings plans, which can help build personal wealth and lead you to financial freedom even during a recession.

Like, share, and subscribe to our channel for more expert financial training and wealth-building tips!

Stay calm, stay focused, and take control of your financial destiny. Watch now and transform your approach to market downturns!

#EmotionalInvesting #WealthManagement #StrategiesForInvestors #MarketVolatility #DollarCostAveraging

CHAPTERS: 00:00 - Intro 01:52 - Global Market Meltdown 06:12 - Market Sell-Off Strategies 12:39 - Healthcare Performance in Economic Crises 16:54 - Immediate Actions for Investors 20:05 - Pre-Crisis Investment Strategies 22:34 - Portfolio Risk Assessment 24:30 - Buying the Dip: Investor Behavior 25:55 - Systematic Savings and Investment Plans 28:34 - Outrod wealth-building tips! _________________________________________________________________________________

If you would like a free consultation, please visit econologics.com or call us at 727-588-1540

Get Social With Us! LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancial YouTube: https://www.youtube.com/@FinancialBeast Twitter: https://twitter.com/FinancialBeasts Instagram: https://www.instagram.com/financialbeastmode/ Website: https://econologicsfinancialadvisors.com/

Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors.

Private Practice Website Secrets: Stand Out or Fail

Are you a private practice owner looking to stand out in a crowded market?

In this engaging conversation, Cebron Walker and Eric Miller delve into the essential strategies you NEED to implement to elevate your practice above the competition and attract more clients or patients.

From the importance of having a professional, top-notch website that resonates with potential customers, to optimizing your Google Business profile with recent, high-quality photos and accurate information—this video covers it all. Learn why investing in advertising and maintaining a marketing budget is crucial for driving new patients or client traffic, and how you can utilize social media effectively to enhance your online presence and engagement.

Key Takeaways:

- Website Optimization: Ensure your website is more than just a digital business card; it should reflect the quality and personality of your practice.

- Google Business Profile: Keep it updated with recent photos and correct information to improve your local search ranking.

- Social Media Presence: Engage with your community by posting authentic, relatable content that resonates with your target audience.

- Marketing Budget: Allocate funds wisely to maintain a steady influx of new clients or patients, especially during traditionally slow months.

Don't miss out on these private practice website secrets that can propel your business to new heights. Take control, maximize value, and build your wealth by implementing these actionable insights today.

#MarketingForHealthcareProfessionals #PrivatePractice #HealthcareMarketing #MarketingSecrets #EngagingWithPatientsOnline

CHAPTERS: 00:00 - Intro 01:53 - Seasonality in Healthcare Trends 06:07 - Fixing Slow Months in Healthcare 11:28 - Getting Started with Marketing Strategies 14:04 - Optimizing Google Business Profile 18:10 - Effective Social Media Strategies 22:34 - Successful Practices Marketing Techniques 27:45 - Marketing Liaison Role and Responsibilities 30:45 - Business Growth Strategies for Practices 34:15 - Final Thoughts and Contact Information _________________________________________________________________________________

If you would like a free consultation, please visit econologics.com or call us at 727-588-1540

Get Social With Us! LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancial YouTube: https://www.youtube.com/@FinancialBeast Twitter: https://twitter.com/FinancialBeasts Instagram: https://www.instagram.com/financialbeastmode/ Website: https://econologicsfinancialadvisors.com/

Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors.

Avoid These Common Exit Plan Mistakes! (75% Fail)

Take back CONTROL of your financial future and avoid the common exit plan mistakes that 75% of practice owners make!

In this power-packed episode of the Financial Beast Podcast, host Eric Miller dives deep with Amit Gaglani PT, OCS, as he shares his journey of successfully selling his physical therapy practice for millions. Discover the strategies and insights that can maximize the value of your practice and attract potential buyers who will be salivating over your business.

Amit discusses the importance of strategic planning, understanding financial concepts like profitability, EBITDA, and cash flow, and why having a power team is crucial during the acquisition process. Learn how to build a practice that thrives independently of the owner, ensuring financial freedom and a lucrative exit.

If you're a practice owner focused on day-to-day operations, it's time to shift your mindset and become a Financial Beast! Empower yourself with the knowledge to navigate the due diligence process, negotiate effectively, and plan your exit strategy with confidence.

Don't miss out on this opportunity to build personal wealth and secure your financial future.

#FinancialTraining #WealthBuildingCourse #FinancialAdvisor #PracticeOwner #FinancialFreedom #Recession #MaximizeValue #BusinessGrowth #Econologics #FinancialBeast #BusinessConsultant #ExitStrategy #FinancialControl #PrivateEquity #PracticeValuation

CHAPTERS: 00:00 - Intro 1:36 - Why You Need an Exit Plan 5:18 - What Buyers Want in a Business 11:25 - What Makes a PT Practice Valuable 13:49 - Do PT Owners Negotiate Enough 17:43 - When Did You Start Looking at Your Practice as an Investment 19:44 - The Importance of Financial Control 24:50 - The Most Stressful Part of Exiting a Business 32:40 - Would You Do It Again 34:15 - What Would You Do Differently 35:08 - Do Your Homework on the Buyer 36:03 - What to Do with the Proceeds 41:51 - Life After Exiting 43:57 - What Are You Doing Now 45:10 - How to Reach Amit 45:53 - Outro _________________________________________________________________________________

If you would like a free consultation, please visit econologics.com or call us at 727-588-1540

Get Social With Us! LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancial YouTube: https://www.youtube.com/@FinancialBeast Twitter: https://twitter.com/FinancialBeasts Instagram: https://www.instagram.com/financialbeastmode/ Website: https://econologicsfinancialadvisors.com/

Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors.

Master AI in Your Practice: Essential Tips for Success

Ready to take CONTROL of your practice’s future?

Dive into our latest episode of the Financial Beast Podcast, where we uncover the game-changing power of AI for practice owners!

Join hosts Eric Miller and Eric Gersch as they delve into the transformative potential of artificial intelligence in the healthcare industry. From revolutionizing billing processes to enhancing client education, and streamlining policy creation, discover how AI can maximize the value of your practice and pave the way to financial freedom.

In this episode, we tackle the pros and cons of AI, address concerns about job security, and explore how to adapt in the face of technological advancements. Whether you own a physical therapy, dental, optometry, or veterinary practice, this video is packed with essential tips for success. Learn how to leverage AI to build personal wealth, expand your business, and become a Financial Beast in today’s competitive landscape.

Don't miss out! Start Your Financial Beast Training by subscribing to our channel NOW! Connect with us, leave a comment, and share your thoughts.

Get ahead of the curve, embrace innovation, and take your practice to new heights with AI!

#FinancialTraining #WealthBuildingCourse #FinancialAdvisor #PracticeOwner #FinancialFreedom #Recession #AIInHealthcare #EconologicsFinancialAdvisors #MedicalRecordsAi #MedicalBillingAi #PracticeManagementAi #InsuranceBillingAi #ClientCommunicationAi

CHAPTERS: 00:00 - Intro 1:39 - Reddit 3:29 - AI 7:07 - How can AI help a practice owner 11:15 - Education 16:01 - Pros and Cons of AI 18:30 - What AI Can't Do 23:10 - AI and creativity 25:19 - OUTRO _________________________________________________________________________________

If you would like a free consultation, please visit econologics.com or call us at 727-588-1540

Get Social With Us! LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancial YouTube: https://www.youtube.com/@FinancialBeast Twitter: https://twitter.com/FinancialBeasts Instagram: https://www.instagram.com/financialbeastmode/ Website: https://econologicsfinancialadvisors.com/

Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors.

The Shocking Truth About Employee Benefits You Didn't Know

Unlock the secrets to employee retention with this episode.

Dive deep as Eric Miller and Eric Gersch tackle crucial strategies for maximizing employee satisfaction and engagement. In this eye-opening discussion, you'll discover innovative approaches to benefits that go beyond the basics of health insurance, retirement plans, and paid time off. Learn how unlimited time off and financial assistance can dramatically boost retention and productivity.

This episode is packed with actionable insights for practice owners and business leaders who want to take back CONTROL of their workforce dynamics and build personal wealth through smarter employee management. Whether you're struggling with HR challenges or simply looking to enhance your current benefits package, we've got you covered.

Don't miss out on this episode to elevate your practice and ensure your employees are happy, engaged, and here to stay!

#TrainingPrograms #RetainEmployees #FinancialTips #EmployeeRetention #EmployeeIncentives

CHAPTERS: 00:00 - Intro 3:02 - What Benefits Should I Offer My Employees 3:36 - The Importance of Keeping Employees Happy 8:59 - Standard Benefits for Employees 16:25 - Other Benefits 20:30 - Staff Bonus Systems 24:28 - Financial Help for Your Associates _________________________________________________________________________________

If you would like a free consultation, please visit econologics.com or call us at 727-588-1540

Get Social With Us! LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancial YouTube: https://www.youtube.com/@FinancialBeast Twitter: https://twitter.com/FinancialBeasts Instagram: https://www.instagram.com/financialbeastmode/ Website: https://econologicsfinancialadvisors.com/

Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors.